Investing.com - Franklin Resources (NYSE:BEN) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Franklin Resources announced earnings per share of $0.79 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $0.7443 on revenue of $1.49B.
Franklin Resources shares are up 21% from the beginning of the year and are trading at $30.26 , down-from-52-week-high.They are outperforming the S&P 500 which is up 11.62% from the start of the year.
Franklin Resources follows other major Financial sector earnings this month
Franklin Resources's report follows an earnings beat by Berkshire Hathaway on Saturday, who reported EPS of $4571.96 on revenue of $67.48B, compared to forecasts EPS of $3818.2 on revenue of $63.41B.
JPMorgan had beat expectations on Wednesday, April 14, 2021 with first quarter EPS of $4.5 on revenue of $33.12B, compared to forecast for EPS of $3.1 on revenue of $30.49B.
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